Snowflake (NYSE:SNOW) Price Target Cut to $250.00 by Analysts at DA Davidson

Snowflake (NYSE:SNOW) had its price objective lowered by equities researchers at DA Davidson from $300.00 to $250.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 47.71% from the stock’s current price.

Several other research firms have also recently weighed in on SNOW. Evercore raised their price objective on shares of Snowflake from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, December 4th. Truist Financial lowered their price target on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley set a $270.00 price objective on Snowflake in a report on Thursday, February 19th. BTIG Research reduced their price objective on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a research report on Monday. Finally, UBS Group restated a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $253.76.

Snowflake Price Performance

NYSE SNOW traded up $0.04 during trading on Thursday, reaching $169.25. The company’s stock had a trading volume of 9,239,938 shares, compared to its average volume of 6,379,536. The firm has a fifty day moving average of $201.01 and a 200 day moving average of $223.09. Snowflake has a one year low of $120.10 and a one year high of $280.67. The stock has a market capitalization of $57.92 billion, a PE ratio of -42.04 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.27 by $0.05. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.Snowflake’s revenue was up 30.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.30 earnings per share. Analysts expect that Snowflake will post -2.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other Snowflake news, Director Frank Slootman sold 200,000 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the transaction, the director owned 50,329 shares of the company’s stock, valued at $11,164,482.07. This trade represents a 79.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 713,681 shares of company stock valued at $148,264,518. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of hedge funds have recently added to or reduced their stakes in SNOW. Vanguard Group Inc. grew its stake in Snowflake by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock worth $6,601,790,000 after buying an additional 1,448,094 shares during the last quarter. Jennison Associates LLC grew its position in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares during the last quarter. State Street Corp increased its stake in shares of Snowflake by 1.4% in the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after purchasing an additional 94,293 shares during the period. Nuveen LLC raised its holdings in shares of Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock valued at $1,157,749,000 after buying an additional 116,521 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after buying an additional 652,485 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 results beat and AI momentum — Snowflake reported Q4 revenue of $1.28B (≈+30% YoY) and $0.32 EPS, topping estimates; management said AI adoption is boosting demand, driving upside vs. Street forecasts and supporting the rally. Snowflake shares rise on AI-driven growth outlook
• Positive Sentiment: Strong FY27 product-revenue outlook and large customer wins — Snowflake outlined ~27% product revenue growth guidance for FY27, cited expanding AI offerings and disclosed a large (reported $400M) contract, supporting forward revenue visibility. Snowflake outlines 27% product revenue growth outlook…
• Positive Sentiment: Backlog / RPO strength — Management highlighted a sizable remaining performance obligation / revenue backlog (reported as ~$7.88B by some outlets), which investors view as evidence of durable demand tied to AI initiatives. Snowflake Revenue Rises As AI Adoption Accelerates
• Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed or raised bullish ratings/targets (e.g., Monness Crespi, Rosenblatt), while others adjusted models; the split in Street opinion is producing both buy-case support and cautious commentary. Top Wall Street Forecasters Revamp Snowflake Expectations Ahead Of Q4
• Negative Sentiment: Analyst price-target cuts — Some firms trimmed targets (Barclays to $192; Piper Sandler, Truist and others adjusted targets downward) or moved to more cautious stances, which can cap near-term upside despite the beat. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Class-action/legal notices and deadline risk — Multiple law firms have filed or mailed investor notices about securities‑fraud claims (deadline April 27); litigation risk and associated headline risk are increasing investor caution. Faruqi & Faruqi investor notice

Snowflake Company Profile

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.